astro

Astro, founded in 2021, delivers groceries in Jakarta using a network of dark stores.

Indonesia’s two largest minimarket brands are playing to their strengths to take the lead in the country’s e-groceries space.

Unlike in India, quick commerce in Southeast Asia continues to lose popularity and has seen players shut down or pivot.

Astro is getting less astronomical by the day and an Indonesian EV company raises US$50 million in series B money.

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The media giant had a 20-year monopoly but is struggling to adapt to competition.

Of the total money it expects to bank in the round, Vuulr has so far raised US$7.7 million, which includes funds raised via convertible notes.

Astro’s revenue has grown more than 10x since the beginning of the year.

Fifteen-minute instant grocery deliveries are taking off in Indonesia, where new players have emerged. But success requires a delicate balancing act.

Babel Finance, Retailo, XICA, and more startups also raised funds this week.